Videos & Rules

OPAP Spends Big On Gambling Tech Upgrades

Published Sunday, February 05, 2017 -
Online-Casinos.com

Online gambling in the Greek jurisdiction has been controversial because of its uncertain legal status created by the unfair operation of the online gaming industry in that country. Headquartered in Athens OPAP or the Greek Organisation of Football Prognostics was in a privileged virtual monopoly position in the gambling industry formerly under the control of the Greek government which held a 33 percent stake in the company. The fiscal crisis and bailout conditions set by the European Union, European Central Bank (ECB) and International Monetary Fund (IMF), led to the eminent sale of the government’s holdings in August of 2013 for €652 million.

Measures the Greek government will make or be forced to make in order to increase revenues have still not yet been revealed even though the country is experiencing financial hardship. OPAP, has revealed it has made a deal with Betgenius and the Betgenius Sportsbook Platform will replace the existing GTECH platform. Betgenius will also provide the primary in-play data link across both online and retail sports wagering channels.

Chief Executive Officer of OPAP, Damian Cope, commented on the arrangement, “We are very pleased to be announcing this deal with Betgenius, which is an important step in building a world class portfolio of products and services for OPAP’s customers. Our cooperation with Betgenius will allow us to be in more control of our digital sportsbook product and also provide the flexibility to enable us to react quickly to the fast-changing world of digital sports betting.”

The managing director of Betgenius, Jack Davison also commented, “We are hugely proud and excited to have been selected by OPAP as a key partner in its efforts to offer its customers the best sports betting experience possible.” It is obvious the Greek government and OPAP is counting on upgrades to increase revenues garnered from online and terrestrial gambling enterprises.